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PAYCHEX DECLARES 3-FOR-2 STOCK SPLIT; ANNOUNCES QUARTERLY DIVIDEND

 ROCHESTER, N.Y., July 8 /PRNewswire/ -- Today the board of directors of Paychex, Inc. (NASDAQ: PAYX) declared a 3-for-2 stock split, payable Aug. 26, 1993, to shareholders of record Aug. 2, 1993. In addition the board declared a regular quarterly dividend of $.06 per share also payable Aug. 19, 1993 to shareholders of record July 26, 1993. The regular dividend is payable prior to the payment date of the stock split.
 In commenting on the board action, Tom Golisano, chairman and chief executive, expressed confidence in the company's future. "We are very pleased with the financial results for the past fiscal year and look forward to reporting improved revenue and earnings in fiscal 1994," Golisano said.
 Paychex, based in Rochester, N.Y., has payroll service centers in metropolitan areas throughout the country. The company is primarily engaged in the preparation of payroll checks, internal accounting records and all federal, state and local payroll tax returns for businesses with one to 200 employees.
 -0- 7/8/93
 /CONTACT: G. Thomas Clark, chief financial officer, 716-385-6666, or Kelly Brown, 716-383-3153, both of Paychex, Inc./
 (PAYX)


CO: Paychex, Inc. ST: New York IN: SU: DIV

AR -- CL012 -- 9549 07/08/93 13:42 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:201
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